Category: Asean

When another US president visited Malaysia …

I came across this eye-witness account of the scene around KL during then US president Lyndon Johnson’s visit to Malaysia on 30 October 1966. His visit to Malaysia took place a year after the United States deployed regular combat troops to Vietnam, following its stepped up involvement after the Gulf of Tonkin incident in 1964. Apart from Malaysia, his tour of South-East Asia took him to Vietnam, Thailand, and the Philippines. In next-door Indonesia, in the transition to US-backed Suharto’s New Order regime, a massive anti-communist purge that killed over 500000 people had subsided by March 1966. (more…)

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South-East Asian property market carries growing risks

Among other things, this Oxford Analytica report (link above) says:

South-east Asian banks will be tested as the eventual end of quantitative easing affects local currencies, capital flows, financial asset prices, borrowing costs and repayment capabilities of corporate and household borrowers. A rise in interest rates and cost of borrowing could prompt a surge in bad loans. (more…)

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